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Plaza Retail REIT (TSE:PLZ.UN) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Plaza Retail REIT logo with Real Estate background

Key Points

  • Plaza Retail REIT shares have crossed above their fifty-day moving average, trading at C$4.20, which is higher than the average of C$3.98.
  • The company announced a monthly dividend of $0.0233, yielding approximately 6.7%, with an ex-dividend date set for July 31st.
  • Plaza Retail REIT has a debt-to-equity ratio of 124.16 and a dividend payout ratio of 280.00%, indicating a high distribution compared to its earnings.
  • Want stock alerts on Plaza Retail REIT? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.98 and traded as high as C$4.20. Plaza Retail REIT shares last traded at C$4.20, with a volume of 31,822 shares.

Plaza Retail REIT Stock Performance

The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22. The stock's fifty day moving average is C$3.98 and its two-hundred day moving average is C$3.81. The firm has a market cap of C$463.55 million, a price-to-earnings ratio of 42.00 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be given a $0.0233 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Thursday, July 31st. Plaza Retail REIT's dividend payout ratio is currently 280.00%.

Plaza Retail REIT Company Profile

(Get Free Report)

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.

See Also

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